Governance

CSL reports new anti-corruption policy, lower emissions

RACHEL ALEMBAKIS  |  FRIDAY, 16 DEC 2011  |  NEWS
Biopharmaceutical company CSL adopted a new anti-bribery and anti-corruption policy, lowered lost time injury frequency rates (LTIFR) by 30% and lowered energy consumption, greenhouse gas and waste intensity per unit of vaccine and plasma production ...

David Bradbury announces inquiry on future of the AGM

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 DEC 2011  |  NEWS
Parliamentary Secretary to the Treasurer David Bradbury said that while regulators and legislators have not mandated one system of reporting on corporate social responsibility, companies should "think hard" about how to best report on environmental ...

Perpetual creating dashboard ESG reports

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2011  |  NEWS
As Perpetual finishes its second year as a UNPRI signatory, the investment manager will continue embedding environmental, social and governance (ESG) into its investment considerations, including finalising a dashboard report approach to ESG with their ...

Woolworths' employment, supply chain policies in 2011 report

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 NOV 2011  |  NEWS
Woolworths launched a Reconciliation Action Plan (RAP) to advance opportunities of Indigenous Australians and reported a 30% decrease in its lost time injury frequency rate (LTIFR), against a backdrop of a 5.1% increase in net profit to AU$2.124bn for ...

Pacific Hydro reduces carbon footprint 37%

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 NOV 2011  |  NEWS
Pacific Hydro, a renewable energy company owned by Industry Funds Management's Australian Infrastructure Fund, reported a reduction in its carbon footprint of 37%, primarily due to a decrease in construction activities, while also reporting net sales ...

Chartered Accountants: sustainability core business strategy

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2011  |  NEWS
For companies to report and manage sustainability exposures for long-term value creation, they need develop strategies to improve environmental, social and governance performance.

Company directors must improve shareholder communication

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2011  |  NEWS
With more institutional investors becoming more active in voting their proxy votes, company directors must improve their communication throughout the year, said David Crawford, chairman of Foster's Group and Lend Lease Group.

ANZ's employee engagement, net profit increases

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2011  |  NEWS
ANZ has reported an increase in employee engagement and has integrated its human rights standard into its training program, but disclosed a slight decrease in the percentage of women in management, against a backdrop of group net profit after tax of ...

Westpac reports sustainability progress, net profit

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
Westpac Group has recorded increases in employee engagement and the percentage of women in leadership and decreases in its lost time injury frequency rate (LITFR) and greenhouse gas emissions, against a backdrop of a net profit of AU$6.99bn, an increase ...

Mirvac identifies 22 material sustainability issues

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
Mirvac Group, the property development, investment, and management company, has identified 22 sustainability related issues that are material to the group and its stakeholders. The issue, which range from business conduct to supply chain, was the basis ...